Fannie Mae Full Review, CPM, and Limited Review Condo Project Approval Training

Lending regulations and best practices are constantly evolving, as are the complexities of quickly closing loans across a host of unique condominiums. That's why National Condo Advisors is proud to continue its online project approval training series presented by agency veterans that are luminaries in the field.

Presented by GARY NEWMAN, Former Director of Fannie Mae Project Standards, this webinar will explore Fannie Mae's Full Review (with & without CPM) & Limited Review options, with an emphasis on single loan submission practices, and will provide registrants with the opportunity to submit questions via live chat for Gary Newman to address during the session.

Date : June 15, 2017
Time : 12PM to 1:30 PM EST
Lecture Type : Interactive Webinar, Live Chat Q&A

Price per Session $99

Class Description


  • Fannie Mae Full & Limited Review Eligibility
  • Full & Limited Review Warrantability Standards
  • Condo Project Manager: The Process, Requirements, Benefits, and Costs
  • Identifying When a Full Review Requires a Compliance with Legal Document Guidelines
  • Solutions Oriented Underwriting: Diversify Approval Options & Secure New Business
  • Documentation & Compliance: Identification, Review & Retention Best Practices
  • Q&A with Gary Newman, Former Director of Fannie Mae Project Standards, by submitting questions during the session

Condo Lending Training Overview

Each 1 ½ hour Session is presented by industry experts, including:

  • Gary Newman, Former Director of Fannie Mae Project Standards
  • Darlene Shannon, Former Chief Technical Branch HUD Philadelphia Homeownership Center
  • Orest Tomaselli, President/CEO of National Condo Advisors and Strategic Inspections


Gary Newman: Condo and Co-op Lending Instructor, National Condo Advisors

During his 37-year tenure of employment with Fannie Mae, Gary Newman has predominantly held responsibilities in the management and oversight of the Agency’s national project review team. Prior to leaving Fannie Mae in March 2017, Gary was most recently the Director, Project Review for 6 years, and was highly successful in effectively managing the corporation’s risk exposure and PUD projects. Gary is well regarded by colleagues throughout the industry for possessing a strong knowledge about risk associated with the legal, financial and operational structure of condo, coop and PUD projects.

Gary has always been committed to providing training not only to mortgage lenders, but also to other industry partners such as National Association of Realtor, Builders, Developers Housing Finance Agencies, and Community Associations Inc. Training that serves well to enhance their ability to properly interpret and apply Fannie Mae eligibility requirements when developing, marketing and financing units in condo, coop and PUD projects. All with the end goal of supporting the sustainability of mortgage financing for the purchase or refinance units in these residential communities.
Gary resides with his family in Atlanta, GA, and enjoys spending free time on home renovation and furniture refinishing.

Darlene Shannon: Condo Lending Instructor, FHA Specialist, National Condo Advisors

A diligent and driven professional Darlene has achieved success and experience throughout a 29 + year career span within several Federal Government Housing Agencies. As an effective communicator, team-builder and mentor with strong managerial, analytical and organizational skills she was successful in managing a diverse staff of underwriters, appraisers, construction analysts’ and support team.

Her federal career began with the Rural Housing Service, formerly Farmers Home Administration, in 1985. She served in a variety of roles including Property Management Specialist and Rural Development Manager with direct endorsement authority for Single Family Loan and Grant Programs throughout the State of New Jersey.

In 2004 she joined the Department of Housing and Urban Development (FHA) in the Philadelphia Homeownership Center where she served as Technical Branch Chief until 2015. As Technical Branch Chief one of her responsibilities was the oversight of all technical aspects of the FHA Condominium Project Approval Process and the national condo review contract.
After retiring from her role at HUD in 2015, Darlene joined the team at National Condo Advisors as Chief Business Development Officer. Darlene routinely provides lender training and offers a high-level problem resolution guidance for its lender clients.